Jefferies LLC is acting as San Manuel’s financial advisor. “We are excited to move forward with this transaction.”

Our Board believes that the Palms is a casino resort that many of San Manuel Casino’s loyal guests would enjoy,” said SMGHA Chairwoman Latisha Casas. “The Palms is a well-designed property which has been beautifully redeveloped and maintained by Red Rock Resorts. Boyd School of Law, the Public Education Foundation and Shade Tree Shelter, plus partnerships with the Las Vegas Raiders and Allegiant Stadium, and the Vegas Golden Knights. Harrah College of Hospitality and William S. “On behalf of the Tribe, we are thankful for the opportunity to join a community that we have come to know and appreciate.”įor years, the Tribe has demonstrated an interest in and supported the Las Vegas community through contributions to non-profits and Las Vegas institutions including UNLV’s William F.

“Today represents an important step for the Tribe and its long-term economic diversification strategy,” said San Manuel Chairman Ken Ramirez.

The transaction is expected to close later in 2021, subject to the receipt of regulatory approvals and other customary closing conditions.Īfter 35 years of operating San Manuel Casino in Highland, CA, this announcement reflects a milestone for San Manuel. (May 4, 2021) – The San Manuel Band of Mission Indians (“San Manuel” or the “Tribe”) and the San Manuel Gaming and Hospitality Authority (“SMGHA”) today announced a definitive agreement for a subsidiary of SMGHA to acquire the Palms Casino Resort (the “Palms”) in Las Vegas, Nevada from Red Rock Resorts, Inc. Native American Tribe’s Affiliate to Wholly Own and Operate Casino Resort in Las Vegas.

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